Curve community votes to “increase borrowing rate multiplier to maintain crvUSD peg” proposal
Curve Community has voted to approve the proposal of "increasing the borrowing rate multiplier to maintain crvUSD anchoring", with a final support rate of 100%. The proposal suggests adjusting the pledged ETH interest rate to 15%, and the non-pledged ETH and BTC interest rates to 11%, so that the interest rate differential between the two is approximately equal to the Ethereum pledge APR, which will encourage the market to actively repay loans.
Gauntelet launches proposal to “restart v3 CRV lending on ETH/Polygon”
DeFi risk manager Gauntlet has proposed to restart Aave v3 CRV lending on ETH/Polygon in the Aave community. The motivation for the proposal is due to the large number of CRV positions on Aave v2 during the Vyper vulnerability exploit. As a result, Ethereum and Polygon v3 disabled CRV lending, hoping to reduce the downward trend in CRV prices. Currently, most high-risk CRV positions have left, so Gauntlet proposes to restart CRV lending. The proposal will end at 04:07 on November 25th Beijing time. As of now, the required number of votes has been reached, and the approval rate is 99.98%.
Curve community launches proposal vote to “increase borrowing rate multiplier to maintain crvUSD peg”
Odaily Planet Daily News Official Page shows that the Curve community has initiated a proposal to "increase the borrowing interest rate multiplier to maintain crvUSD anchoring". The vote is now open and will end on November 28th.
Curve: The new stableswap-ng pool is online, with new features such as price oracles
Curve Finance announced on X platform that a new stableswap-ng pool has been launched with the following features:
Convex already supports staking PRISMA tokens
CRV Pledge and Liquidity Mining One-Stop Platform Convex has supported the pledge of PRISMA tokens. Users can pledge PRISMA to the PRISMA+cvxPrisma liquidity pool on Convex to earn rewards.
Curve’s native stablecoin crvUSD minted number exceeds 155 million
According to Curve data, the number of crvUSD stablecoins minted by Curve has exceeded 155 million, with a current total of 155,369,165.
The value of collateral based on wstETH is $109 million, the value of collateral based on WBTC is $104 million, the value of collateral based on ETH is $25.1599 million, and the value of collateral based on sfrxETH V2 is approximately $23.6124 million.
The number of crvUSD minted exceeded 150 million, reaching a record high
Data from the Curve website shows that the number of crvUSD stablecoins minted natively by Curve has reached 150 million, as of the time of writing, it is 151,292,240. Among them, the value of collateral based on wstETH is $110 million, the value of collateral based on WBTC is $101 million, the value of collateral based on ETH is $22.42 million, and the value of collateral based on sfrxETH V2 is approximately $23.84 million. It is worth noting that the amount of ETH collateral in crvUSD now exceeds that of sfrxETH V2.
Curve has opened a vote on whether to suspend the xDAO bridge. Voting will end on November 17th.
Curve initiated a governance vote on whether to temporarily suspend the xDAO bridge before the audit is completed. (This feature is currently not yet enabled). The xDAO bridge is a new cross-chain method launched by Curve. The team stated that this new feature has simple and elegant code, but people still need to carefully inspect it. The vote will end on November 17th.
Curve: Will vote on new method to temporarily disable CRV cross-chain until audit is completed
Curve stated on social media that they will temporarily disable the new method for CRV cross-chain (which has not been used) until the review is completed.
An unknown MEV robot was exploited, causing $2 million in losses
According to PeckShield's monitoring, an unknown MEV robot was used to cause a loss of $2 million in multiple large exchanges in the Curve pool, resulting in arbitrage of simple reverse exchanges.
